2022 mini-budget discussion

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200sols said:
She could sack KamiKwasi and say it was all his fault? Then she puts Sunak in to restore order. I wouldn't bet against it.
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If I was Sunak and they asked me to come back and help fix the mess, after I'd only just told them not to do this because it'll wreck everything, I'd be like; "It's your **** you roll in it mate"
 
Chris Wilson said:
OK, so you are saying you arbitrarily posted a totally irrelevant chart, just, well because...

It's not like you to have not taken the time to offer opposition to a Right leaning forum member's ideology or opinions, are you sure it's not that you can't offer this example because it's none existent?
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It's completely relevant.

For the the third and final time, I suspect that every single country that is above us in average income growth over the last decade (as displayed in the chart I posted), is likely to also have lower levels of income inequality between the two groups you mentioned; making each of them a good example.

I'm extremely unsure as to why you're finding this so difficult to compute.
 
CapitalOne said:
As a fellow (ex) west sussexer I wouldn't waste time. When you are on the wrong side of the argument the sensible thing to do is not go all in but to step back an re-evaluate. You will struggle to find anyone who agrees with you in the entire country at this point so I mean this quite sincererly.
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I'm not all in as you put it but I don't see any other alternatives that wouldn't see us in a deep and long recession. These problems are with us for some time until the UK can be more energy independent and that isn't going to happen over night. The problem with relying on a globalised market, that the resource will always be there in sufficient quantity is a mistake. Luckily we didn't go so all in as the EU did but of course we're still exposed to the energy rates on the open market.
 
413x said:
Get sunak in. The sooner the better. Get these changes reversed and see if we can stop this slide into the abyss.
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I think that time has been and gone. When a countries central bank has to start running a "special operation" on it's countries own gilts you are already 2 stops past **** town and pulling into to no lube village
 
Chris Wilson said:
OK, so you are saying you arbitrarily posted a totally irrelevant chart, just, well because...

It's not like you to have not taken the time to offer opposition to a Right leaning forum member's ideology or opinions, are you sure it's not that you can't offer this example because it's none existent?
Click to expand...

Pick any country above us on this list like France for example

Income Inequality by Country 2025

worldpopulationreview.com worldpopulationreview.com
 
GordyR said:
It's completely relevant.

For the the third and final time, I suspect that every single country that is above us in average income growth over the last decade (as displayed in the chart I posted), is likely to also have lower levels of income inequality between the two groups you mentioned; making each of them a good example.

I'm extremely unsure as to why you're finding this so difficult to compute.
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OK, if you say that's your answer, so be it, I'll leave you to prepare for your anti capitalist rioting ;)
 
My salary and all my assets aside from house and a few hundred GBP are USD denominated so im not hugely affected by this but I don’t know what the hell they are doing. Kwazi needs to go.
 
thenewoc said:
I'm not all in as you put it but I don't see any other alternatives that wouldn't see us in a deep and long recession. These problems are with us for some time until the UK can be more energy independent and that isn't going to happen over night. The problem with relying on a globalised market, that the resource will always be there in sufficient quantity is a mistake. Luckily we didn't go so all in as the EU did but of course we're still exposed to the energy rates on the open market.
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Fine re: energy (Labour seemed to have a new plan for this btw). What's that got to do with borrowing even more for tax cuts at a time of high inflation?
 
thenewoc said:
I'm not all in as you put it but I don't see any other alternatives that wouldn't see us in a deep and long recession. These problems are with us for some time until the UK can be more energy independent and that isn't going to happen over night. The problem with relying on a globalised market, that the resource will always be there in sufficient quantity is a mistake. Luckily we didn't go so all in as the EU did but of course we're still exposed to the energy rates on the open market.
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We ARE pretty energy self sufficient but its a global market and all our energy is owned by private companies currently making billions. Which is why fracking will not drop the price of energy in the UK by a single penny. It will just make lots of private companies rich.

The only way it would work like you suggest is if we had nationalised energy producers in the UK or we nationalise the current ones.
 
thenewoc said:
Yet the alternative isn't honey & milk, it's a deep recession with millions loosing their job(s). This was always going to be a tough time following the costs of supporting a workforce through a pandemic but then add to that our involvement in defending Ukraine and Russia using gas trading to retaliate on the west. It's either going to be a very tough and deep recession or face increased borrowing to cushion the economy from that recession and try to get the economy growing instead.
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The other alternative is that the value of sterling continues to fall and inflation continues to climb until such a point as hyperinflation sets in and we become UKzuela.
 
thenewoc said:
I'm not all in as you put it but I don't see any other alternatives that wouldn't see us in a deep and long recession. These problems are with us for some time until the UK can be more energy independent and that isn't going to happen over night. The problem with relying on a globalised market, that the resource will always be there in sufficient quantity is a mistake. Luckily we didn't go so all in as the EU did but of course we're still exposed to the energy rates on the open market.
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Simple question then why is no other developed economy following our model? If the recession is inevitable for us it is inevitable for the rest, plenty would argue we are already in it and the US redefined there way out of it for now. This being the case why are the others not slashing taxes and tanking there currencies so they can have this magical short shallow recession and get back to growth?

When was the last time this British exceptionalism actually paid off and we were right while everyone else was wrong?
 
Screeeech said:
If I was Sunak and they asked me to come back and help fix the mess, after I'd only just told them not to do this because it'll wreck everything, I'd be like; "It's your **** you roll in it mate"
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Also Sunak doesn't need to come back.
They have been told a million different ways of the consequences of their actions by the most high profile institutions in the sector....and they are ignoring it.
Not suddenly going to listen to him now are they..
 
Uther said:
The humiliation though. I doubt they can stand it. Although saying that they put up with Boris for years.
I suppose MP's could blame all those leftie infiltrators in the Con party for voting Truss in.
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Rishi is best placed to call for a GE, let labour in and position himself as the Tory candidate who has clear financial sense evidencing his prediction of the impact of Truss's proposals to take the top job in 6 years. If he becomes PM now it will be for 2 years and then into the wilderness.
 
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